Dallas, TX -- (SBWIRE) -- 03/22/2013 -- Marketbuzzreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Quicksilver Resources Inc (NYSE:KWK) stock dropped 2.73% to $2.49. McNicoll Lewis & Vlak downgraded shares of Quicksilver Resources from a buy rating to a hold rating in a research note released on Mar. 11.
Additionally, the company, on Feb. 25, reported a fourth quarter loss of $1.10 billion or $6.47 per share, versus net income of $23.53 million or $0.14 per share in the same period last year. Adjusted net loss for the quarter was $2.39 million or $0.01 per share. Meanwhile, revenues for the three-month period dipped to $179.07 million from $223.09 million in the same quarter a year earlier. Analysts expected the company to report earnings of $0.01 per share on revenues of $168.69 million for the quarter.
How Should Investors Trade KWK After The Recent Price movement? Find out Here
Entropic Communications, Inc.(NASDAQ:ENTR) shares declined 2.70% and closed at $3.96. The company and Telepath Technologies Co., Ltd., announced on Mar. 20 the first Audio Video Coding Standard (AVS+) High Definition (HD) set-top box (STB) platform for China Satellite, Cable/IP and Terrestrial markets. The platform, integrated with the latest STB system-on-a-chip (SoC) from Entropic, offers a high performance, cost-optimized solution that supports AVS-P16 (AVS+) and includes advanced security components to ensure enhanced TV viewing experiences.
Additionally, the company, on Mar. 18, announced that financial results for the first quarter 2013 will be below the Company's previous outlook. The Company currently expects first quarter revenue to range between $74 million and $76 million. The Company's previous guidance for the first quarter was for revenue to range between $79 million and $81 million.
Is ENTR a Strong Buying Opportunity After The Recent Slump? Find out Here
Ann Inc(NYSE:ANN) shares decreased 2.68% to $30.14. The company on Mar. 8 reported results for the fiscal fourth quarter and full year of 2012, ended February 2, 2013. For the fiscal fourth quarter of 2012, the Company reported earnings per diluted share of $0.05, as compared with earnings per diluted share of $0.04 in the fourth quarter of 2011.For the full year of fiscal 2012, the Company reported earnings per diluted share of $2.10, an increase of 28% compared with earnings per diluted share of $1.64 in the full year of fiscal 2011.
Is ANN a Buy After The Latest Price Action? Find Out Here
Lloyds Banking Group PLC (ADR) (NYSE:LYG) shares fell 2.66% to $2.93. Dow Jones last month reported that Lloyds Banking Group PLC plans to cut around 940 jobs in the U.K., as part of a previously announced plan to shrink its business, and as other banks in the country and across the world pare staff. The Company said the reductions are being made across its divisions, including retail, commercial, insurance, wealth and international and group operations. About 190 information technology jobs that are involved in the cuts will be relocated to India.
Is LYG a Buy After The Latest Price Action? Find Out Here
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